NNPC declares N60.5trn revenue for 2025, posts N5.7trn profit

— Remits N14.7trn to Government

By Obas Esiedesa, Abuja

The Nigerian National Petroleum Company Limited (NNPC) has announced that it generated N60.517 trillion in revenue in 2025.

According to its monthly report published on Thursday, the company recorded a profit after tax of N5.76 trillion for the year and remitted N14.706 trillion to statutory government agencies.

The report indicated that crude oil and condensate production averaged 1.54 million barrels per day in December 2025, while natural gas production stood at 6.914 billion standard cubic feet per day.

NNPC further disclosed that its retail outlets achieved 65 per cent product availability in December, while upstream pipelines recorded 100 per cent availability during the period.

On key infrastructure projects, the company stated that the Obiafu-Obrikom-Oben (OB3) pipeline project reached 91 per cent completion, while the Ajaokuta-Kaduna-Kano (AKK) pipeline project also attained 91 per cent completion.

The report noted that December production performance was affected by planned maintenance at the Stardeep-Agbami and Renaissance–Estuary Area facilities, as well as unplanned production outages.

In its previous monthly update, NNPC disclosed that revenue declined by 14.17 per cent in November 2025 to N4.358 trillion, down from N5.078 trillion recorded in October.

Despite the drop in revenue, profit after tax rose by 12.3 per cent to N502 billion in November, compared with N447 billion in October.

The report also showed that the company made statutory payments of N967 billion to the government in October, bringing total remittances between January and October to N12.117 trillion.

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